HALIFAX – Prince Edward Island is set to sell off its existing stockpile of American alcohol and donate the net profits to island food banks.

Finance Minister Jill Burridge said in an interview Wednesday that there is an estimated $3.2 million worth of U.S. booze stockpiled, which she expects to net roughly $600,000 in profits.

That money will be extended to food banks across the island beginning in January, with further donations every month as the stock is sold off.

Prince Edward Island, along with the rest of the country, pulled U.S. booze from liquor store shelves in February in response to U.S. President Donald Trump’s tariff threats.

But Burridge says it’s a net positive to be able to donate the money to island food banks, especially as those organizations help many residents at

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